Des Cheng

Update on the @Stable Pre-Deposit Vault — Phase 2: We’ve seen exceptionally high traffic during Phase 2, which maxed out RPC capacity on the Hourglass interface with 4 RPCs handling over 80k calls per second. Deposits into the Hourglass institutional vault are paused due to exceptionally high demand. All user deposits remain secure. We understand that this caused a poor depositing experience for many participants, and we sincerely apologize for the frustration. Updates on next steps will made be available soon.

Deposits for the @Stable Pre-Deposit Vault — Phase 2: are now closed. KYC links will be distributed in the coming hours. Each wallet will have 72 hours to complete verification after the links are live. ~$1.8B has been deposited across 26,000 wallets. Thank you to everyone who participated in this phase of the Stable Pre-Deposit Campaign. FAQ: x.com/hourglasshq/st…

Over $2.6 billion in total deposits across Phase 1 and Phase 2 of the Stable ecosystem-led Pre-Deposit Campaigns, with participation from more than 26,000 wallets. We appreciate everyone in the community who took part. Onward.

A few updates on the @Stable Pre-Deposit Vault — Phase 2: The vault has now surpassed $1.6B in deposits across over 25,000 wallets. We’re grateful to see such strong participation from the community. Deposits close in under an hour at 1:25 AM UTC. FAQs: - Each wallet will have 72 hours to complete verification once KYC links are distributed. Links will be made available a few hours after deposits close. - Users who were unable to complete KYC earlier will be able to do so during this window. - Only users that pass wallet screening will receive KYC links. - KYC links will only be available through the Hourglass frontend. - Users who believe their KYC has failed for an invalid reason will be able to open up a support ticket. - If total eligible deposits exceed $500 million, allocations will be pro-rata, and any remaining amount will be withdrawable. - For eligible users, any unallocated portion of their deposit — funds not included in the pro-rata allocation — will be available to claim by the end of next week. - Users who choose not to KYC or are marked ineligible may withdraw their funds at any time.

We’re seeing exceptionally high traffic, which temporarily impacted access to the Hourglass site. Deposits made directly via Etherscan or programmatically will not be eligible for the Stable Pre-Deposit Campaign. Such deposits can be withdrawn via Etherscan using the redeemNonKYC function. The $100K minimum deposit window will be extended by at least one hour — please wait patiently for the website to be live again.

Another victory for the Alas Pilipinas Beach Volleyball team! 🇵🇭 Abdilla and Pareja defeat Hungary's Borbély and Niemeier in straight sets, 21-16, 22-20. This win takes them to the main draw of the Volleyball World Beach Pro Tour Futures in Spiez, Switzerland. Congratulations!

🙌🏼

🥹🇵🇭🙌🏼

WATCH: "Jia" chants all over Rizal Memorial Coliseum as Alas Pilipinas wins third place in the #AVCChallengeCup2024. | via @kennedyzcaacbay

Let’s not forget to commend yung balasa ng players ni Coach Jorge and his coaching staff given na everyday yung laro sa AVC. 🙌🏼👏🏻 I say #HanggangDulo Alas Pilipinas! ♥️🇵🇭🔥

@iamsherile muntik na ako mag message tas naaalala ko :((

Di ka nawawala tuwing may game ha. Gustong gusto mo talaga galing sa pangsscam pinangkakaen mo pati ng pamilya mo! Grabe ka na!

@carmelaloo08 Ang fresh sa eyes nuh

ANG GAAN GAAN NG LINEUP NA TO HUHUHU PARANG ANG SARAP MAKI GROUP HUG LEVELS 😭🥺😭🥺

@Rondina011 💜💖🧡💛💚💚💚

💜🩷🧡💛

WE LOVE YOU GIRLS!!!! 🥹💚

READ: The Collegiate Press Corps is issuing a statement on the recent turn of events in the UAAP women's volleyball tournament over the weekend that has stirred an online fiasco. "We reiterate that the column does not reflect the views of the CPC and its members."

Bet that these “mediamen” are new… 🤔

@djwcheng 💸💸💸

Cant wait to open this at home! 💎💙

Coach Dante Alinsunurin was frustrated to hear "bigayan" allegations after Choco Mucho absorbed a three-set rout from fellow Rebisco squad Creamline on Thursday. However, for context, the Flying Titans have yet to win against their sister team in a 12-game stretch in the league. #PVL2024 Full story: news.abs-cbn.com/sports/2024/4/…

superstitions dlsu fans after just the first set Moral lesson: keep quiet until the game is officially over 🤫🤫

ok @djwcheng